‘Kuka’ Tagged Posts

"If we are interested, we would have some time ago acted on that," Joe Kaeser at the German broadcaster NTV in an interview. Offer Midea have spa...

“If we are interested, we would have some time ago acted on that,” Joe Kaeser at the German broadcaster NTV in an interview.

Offer Midea have sparked a furious debate about Chinese acquisitions in Europe, politicians such as German Economy Minister Sigmar Gabriel calling for tighter restrictions. This also resulted in Berlin to consider whether KUKA’s technology is critical for the digitization of the German industry, an economic priority.

Kaeser, talk to the broadcaster on the sidelines of the trading visited Chancellor Angela Merkel Beijing, he believes Gabriel, who also said Vice Chancellor, were relaxing on KUKA’s situation.

“I do not believe that Mr. Gabriel has a concern,” has Kaeser.

“As economy minister, he has to find his country … in the sense that it is quite natural that he should look for alternatives,” Kaeser added.

Gabriel earlier this month, there was an effort underway to develop an alternative offer for KUKA.

Germany Sueddeutsche Zeitung daily reported that Gabriel to German automakers and Siemens discussed the confirmation of a potential anti-bid for KUKA. But sources close to the government and Siemens Reuters not come across the idea with little enthusiasm.

Andy Gu, deputy CEO of Midea, Handelsblatt newspaper says Germany’s bid for his company KUKA is motivated by business interests and is aimed at the German company, the objective of the large Chinese market. It was not a political venture, he said.

“We are a private company. It is not important to us that claims the Chinese government,” said the newspaper quoted Gu.

Gu said KUKA will remain independent, and adds that he expects Chinese authorities to approve the takeover, according to the newspaper.